June 2, 2012

I WAS EXPECTING AN EARTH-SHATTERING KABOOM: The Green Energy Bubble Is Bursting Fast Everywhere.

So the tech bubble burst a decade ago, and the housing bubble five years ago. The higher education bubble is swelling to the bursting point, but it is the green energy bubble that is bursting loudest at the moment, and as usual environmentalists are slow to see that they’re about to get run over by a revival of the hydrocarbon economy. Those old dinosaurs may have been big lumbering animals, but the nimble fossil fuels they threw off are crushing the so-called green “fuels of the future” beloved of fruit-juice drinkers and vegans everywhere.

I’d prefer a space-solar/nuclear/hydrogen economy myself, but the greens don’t seem to favor that and I’m not sure the tech is ready yet anyway.

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